This NFT game is the super king of gold in a single day: the cumulative transaction volume exceeds 1 billion US dollars

Parallel world of chain games and traditional games

The most profitable NFT game in history has set a new record.

Recently, the NFT game Axie Infinity Twitter confirmed that daily active users exceeded one million, and the total transaction volume exceeded $1 billion, setting a record high.

The record seems to be broken before Axie Infinity’s eyes. Earlier, the single-day revenue of the game exceeded US$40 million, which is three times the revenue of the traditional game hegemon “Glory of the King”.

This NFT game is the super king of gold in a single day: the cumulative transaction volume exceeds 1 billion US dollars

There is no doubt that Axie Infinity can definitely be called a milestone in Ethereum blockchain games.

According to the official introduction, Axie Infinity is a decentralized turn-based strategy game, a world inspired by “Pokemon”. Players need to have three Axies to start the game. Each Axie is divided into different body parts, and the corresponding different attributes bring non-homogeneity and scarcity to Axie.

This is a game that can make money while playing. Note that the “money” here is not a simple game currency, but a cryptocurrency that can be converted into local currency.

This is the key reason for the fire in the game.

It is like opening a “Pandora’s Box” in the virtual world, closely connecting the naked real benefits with the virtual economy in the game.

Once directly linked to money, the game is no longer a game, but closer to the concept of “meta universe”.

In Metaverse, users can freely trade goods and services according to the currency and transaction methods provided by the platform. At the same time, the currency in the meta universe can be converted or completely replaced the currency in the real world.

Right now, it is encryption and blockchain technology that can realize this vision. It will promote the establishment of a complete identity and economic system, so that this virtual world will completely get rid of the shackles of games, thereby moving towards socialization and high frequency, becoming a true parallel universe.

The vision for the future is so beautiful, we can’t help asking, when will this huge change that everyone has been waiting for come?

Blockchain lights up transaction trust

In the past two years, the blockchain has become a hot spot for discussion in the financial and technology industries, and has become a sweet pastry in the eyes of major capitals.

Recently, Tencent’s PGC department’s new product “Hancore” APP was released, which aroused people’s enthusiasm for NFT collection.

This is also another product of Tencent in the field of blockchain. Tencent’s blockchain has already built a huge system, ranging from electronic invoices, supply chain finance, commercial bank bills, judicial deposits, electronic certificates, public welfare tracing, and digital Fields such as content protection, product traceability and anti-counterfeiting, and circulation of medical prescriptions have been tried.

More news is that Tencent will soon build a blockchain headquarters and a blockchain commercial computing platform in Zhongguancun, Haidian.

It’s Ali that moves faster than Tencent.

As early as June of this year, Alipay had sold 4 “NFT payment code skins” in combination with Dunhuang, “Assassin’s Five Six Seven” and other IPs. The initial price of each payment code skin is 10 points + 9.9 yuan, and then it appears on Xianyu at a price of 1.5 million. Later, it was finally removed due to force majeure.

What kind of magic is hidden in the blockchain widely recognized by capital giants?

After the Fourth Industrial Revolution, the virtual world developed rapidly. Real things are gradually being transformed into data in the virtual world. In turn, the virtual world is even leading the development of the real world.

However, in the digital world, fraudulent phenomena emerge one after another, and data reliability is increasingly becoming an important issue.

Blockchain is a technology that can give trust in transactions between individuals.

It is a new application mode of computer technology such as distributed data storage, point-to-point transmission, consensus mechanism, and encryption algorithm.

The distributed nature of the blockchain means that it can withstand most security issues. Compared with the traditional client-server system, the blockchain system’s advanced encryption provides better protection against hackers. This is why online transactions with virtual currencies are reliable enough.

However, the current blockchain technology has not reached the ideal state. For example, it does not support massive data processing, but instead stores transaction data in linked data blocks.

Taking Bitcoin as an example, it takes about 10 minutes to construct each block. If there is more data to be processed, the size of each block will increase significantly, so that the block formation requires a longer response time.

It can be seen that if the current technology is used to deal with the data volume of the meta-universe explosion level, it must be very difficult.

Therefore, we have a long way to go.

Everything is NFT

After talking about the blockchain, it is natural to mention NFT.

In recent months, NFT has evolved into a sign of the legality of digital goods.

Non-fungible token NFT (Non-Fungible Token) is equivalent to a virtual currency, through an encrypted voucher method, to bind each token with a certain item, such as pictures, videos, virtual items, intellectual property rights ….Therefore, it has the scarcity of immutability, openness and transparency, and uniqueness.

Based on blockchain technology, NFT allows independent verification of its authenticity and value, and can also be transferred and traded on different chains.

CoinGecko data shows that up to now, the market size of the NFT market has exceeded 20 billion U.S. dollars, accounting for more than 1% of the total market value of cryptocurrencies. The BLock data shows that in the first week of August alone, the total trading volume of the NFT market has reached 442 million US dollars.

In December 2020, Twitter co-founder Jack Dorsey posted his first tweet in 2006 to the auction site Valuables for bidding. The content of Twitter is only one sentence: “I just set up my Twitter.”

This NFT game is the super king of gold in a single day: the cumulative transaction volume exceeds 1 billion US dollars

In March of this year, this tweet was sold for an astonishing $2.9 million. Jack Dorsey promised to convert all the proceeds from the NFT sale into Bitcoin, and then donate it to the “Africa Response” charity organization.

At the same time, a blockchain company live broadcast burned down a satirical painting created by British artist Banksy-“Idiot”. This painting achieved digital immortality in the raging fire. The ownership of the electronic version was sold in the form of NFT, and it was finally sold at 4 times the price of the original physical painting.

This satirical masterpiece describes the situation of buyers bidding for paintings at art auctions. It says “I can’t believe you idiots will really buy this shit.”

The organizer who burned the painting stated: “The main purpose of this is to be the first to transform a physical work into a digital one. The art world will usher in a new era, and art works can live forever in the digital world.”

Blockchain helps build an “oasis”

In 2018, the movie “Number One Player” vividly demonstrated the possibilities of the future VR virtual reality world.

In Oasis, each player only needs to pay a start-up fee of US$0.25 to enter the world of “Oasis” together. But this is not a “buyout” game world. Players need to spend extra money if they want to do some other things in it.

Customizing equipment, eating and drinking, going to the library…all have to spend game currency to proceed. Therefore, game currency is called the fuel of the “oasis”.

In addition, the currency in the game can also be directly converted into real currency and used in the real mall.

Although the background of the story is set in 2045, today in 2021, similar currencies already exist in the game world.

In the “sandbox” game based on the Ethereum blockchain, the SAND token is similar to this one. Although more elementary, it allows players to purchase in-game services, trade, and vote on decisions that affect the game network.

In traditional games, a model similar to the “Oasis” game currency does not work.

In these traditional games, value can only exist on a specific platform, and cannot be exchanged with other platforms. In addition, there is no interoperability between game platforms such as Microsoft and Sony, further blocking the huge potential value exchange between these game worlds.

On the contrary, blockchain games give players the ability to bring their assets to a decentralized exchange and exchange value.

Because there is no central authority to approve transactions, the operation of these platforms is different from centralized cryptocurrency exchanges such as Binance or Coinbase. Funds and trading power are distributed among users, so there is hardly any single point of failure.

These blockchain-based games allow players to exchange value between the game and the game platform, and enable players to truly become the owners of the collectibles in the game, which heralds the future in which intangible digital assets can become legal commodities.

Considering the similarities between the remote work (gig) economy and the gaming industry, running a digital economy on a blockchain network seems to be a matter of course.

It is true that the gig economy powered by cryptocurrency has obvious advantages. At the same time, the ideal game industry and the main features of blockchain technology overlap, so a large number of crypto entrepreneurs are using the e-sports market to further expand their blueprints.

With the influx of a large amount of funds into the field of blockchain games, the game industry may become the industry most thoroughly enhanced by blockchain technology.

The next step in the game industry may be Meta Universe.

Blockchain will bring two things to the metaverse: digital ownership and free markets.

It will enable users to truly and immutably own their digital assets, and build a market that accumulates free exchange value.

In that world, everything is clearly priced.

There is no such thing as a Dragon Slaying Knife that costs zero dollars. People can only obtain wealth by fighting monsters and upgrading diligently and diligently creating value.

Only in this way can the meta-universe survive, instead of heading for self-destruction in the sluggishness.

 

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/this-nft-game-is-the-super-king-of-gold-in-a-single-day-the-cumulative-transaction-volume-exceeds-1-billion-us-dollars/
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